WidePoint Downgraded by Zacks (WYY)
WidePoint (NYSE:WYY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday. They currently have a $1.50 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 7.12% from the stock’s previous close.
WidePoint (NYSE:WYY) traded down 2.72% on Tuesday, hitting $1.576. The stock had a trading volume of 242,158 shares. WidePoint has a 1-year low of $0.75 and a 1-year high of $1.95. The stock has a 50-day moving average of $1.61 and a 200-day moving average of $1.5. The company’s market cap is $115.0 million.
WidePoint (NYSE:WYY) last released its earnings data on Thursday, August 14th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.01. The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $11.60 million. Analysts expect that WidePoint will post $-0.02 EPS for the current fiscal year.
WidePoint Corporation (NYSE:WYY) is a provider of customized technology-based products and solutions to both the government sector and commercial markets.
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